The rewards price to get a free cup of hot coffee at Starbucks is going up.
AP Photo/Elaine Thompson
Many Starbucks customers are irked by recent changes to its popular rewards program. But they may not have as much to complain about as it seems.
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Interest rates are almost certain to rise again in February, after the latest Consumer Price Index figures showing inflation hitting a record high of 7.8% in 2022.
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The numbers are less concerning when viewed in the bigger picture.
Nurses in England, Wales and Northern Ireland are among public sector workers striking about pay and conditions.
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Recent price rises are not due to higher wages but supply-side issues including the war in Ukraine, the COVID pandemic and Brexit.
Volunteers pitch in at the Second Harvest Food Bank in Irvine, Calif. in December 2022.
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A little more than 1 in 10 Americans can’t get enough to eat – around the same share of the country that was experiencing food insecurity before the COVID-19 pandemic.
Abnormally high market prices funnel wealth from consumers to owners of large companies.
(AP Photo/Julia Nikhinson)
Prices are up to five times higher than the raw costs of production for many of the goods and services we all need.
Nigerian president Muhammadu Buhari and Godwin Emefiele, the governor of the Central Bank of Nigeria, present the redesigned banknotes in Abuja.
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For a country that aspires to reduce bureaucracy and liberalise its financial sector, currency redesign and cash withdrawal limits can only be counter-intuitive.
Oeuf! Egg prices are rising faster than a souffle.
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A drop in gas prices helped tame inflation in December 2022. But grocery prices and housing costs continued to rise.
Canadian food prices have soared over the past year. Higher food costs can affect nutrition decisions and ultimately health.
THE CANADIAN PRESS/Darryl Dyck
Rapid increases in food prices due to inflation mean many Canadians may be making different food choices. Here are the possible short- and long-term effects of that, and some ways to save money.
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While UK inflation could drop again in 2023, there is a lot of work to do to support the country’s economy.
A server brings food to a table as people dine at a restaurant in Vancouver in September 2021. For many people, deciding exactly how much to tip in a given situation can be uncomfortable.
THE CANADIAN PRESS/Darryl Dyck
As the cost of living continues to rise, the amount Canadians are being asked to tip is also increasing due to a phenomenon known as tip inflation.
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There are a range of new flashpoints and ongoing deadly conflicts the world has largely ignored due to the focus on Ukraine.
Many countries are dealing with a rapidly rising cost of living.
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Price inflation has hit countries differently, but most central banks and governments are concerned about the rising cost of living in 2023.
Energy price crisis.
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Government attempts to manage energy prices could actually create more volatility in oil and gas markets.
This could get ugly.
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Central banks are raising interest rates to tame inflation, but 2023 will increasingly turn a technical decision into a political challenge.
Financial worries stemming from austerity could span generations.
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Public spending cuts and the soaring cost of living will not only affect people lives now, but could trickle down through generations.
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As the year ends, how has New Zealand fared on global and domestic measurements, from social and economic freedoms to tackling poverty and homelessness?
A banner is displayed to advertise diesel available at a filling station in Lagos, Nigeria.
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From the economic perspective, the year 2022 will be remembered, by many Nigerians, as a time of dashed hopes and disappointments.
Although a recession is likely on the horizon, it’s uncertain how deep it might go.
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Although many say the economic outlook for next year appears bleak, there is room for optimism.
Different accounts, different interest rates.
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Mortgage rates have rocketed in recent months, but what about the rate on your savings account?